Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program

01 Jul 2024 22:05 CEST

Hamilton, Bermuda, July 1, 2024 - Seadrill Limited (“Seadrill” or the “Company”)
(NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to
repurchase up to $200 million of the Company’s common shares in open market
transactions on the OSE and NYSE through September 25, 2024 until no later than
September 30, 2025 pursuant to an agreement with DNB Markets (“DNB”).

For the period from and including June 26, 2024, through June 28, 2024, the
Company purchased a total of 186,216 shares at an average price of $51.13 per
share. The transactions effected through the agreement with DNB comprise all the
transactions effected by or on behalf of the Company during the period.

Transaction overview
Date Trading Venue Volume Weighted Average Share Price (USD) Total Daily
Transaction Value (USD)
26 JUN 2024 OSE - - -
26 JUN 2024 NYSE 31,016 49.65 1,540,006
27 JUN 2024 OSE 1,100 50.62 55,682
27 JUN 2024 NYSE 20,000 50.75 1,015,036
28 JUN 2024 OSE 1,100 51.88 57,068
28 JUN 2024 NYSE 133,000 51.53 6,853,317
Period total OSE 2,200 51.25 112,750
NYSE 184,016 51.13 9,408,360
Total 186,216 51.13 9,521,109
Previously disclosed totals (accumulated) OSE - - -
NYSE - - -
Total - - -
Program total OSE 2,200 51.25 112,750
NYSE 184,016 51.13 9,408,360
Total 186,216 51.13 9,521,109


The issuer's holding of repurchased shares: 186,216
Following the completion of the above transactions, the Company has repurchased
a total of 186,216 of its own shares, corresponding to 0.27% of the Company’s
total issued share count.

Appendix:
An overview of all transactions made under the Company’s repurchase program and
its agreement with DNB that have been carried out during the above-mentioned
period is attached to this report and available at www.newsweb.no.

About Seadrill Limited
Seadrill is setting the standard in deepwater oil and gas drilling. With its
modern fleet, experienced crews, and advanced technologies, Seadrill safely,
efficiently, and responsibly unlocks oil and gas resources for national,
integrated, and independent oil companies. For further information, visit
www.seadrill.com.

Contact
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com

More information:
Access the news on Oslo Bors NewsWeb site

622898_240701 SDRL Share Buyback Details.pdf